impaired credit

impaired credit definition - finance
Credit that has deteriorated. In a corporate setting, this may result in a decrease in the amount of funds that banks are willing to lend the creditor. Impaired credit also occurs with individuals who are late paying their bills or who have filed for bankruptcy.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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